adeel010

2 Minutes

Bitcoin Crypto News

Dominance of Bitcoin Hits 9-Month High

adeel010 March 16, 2023 0 Comment

According to statistics from charting platform TradingView, the dominance rate of bitcoin (BTC), the most valuable cryptocurrency by market share, has risen to a nine-month high of 45.5%. On June 25, 2022, BTC.D last...

2 Minutes

Alt Coins Crypto News

Circle eliminates “substantially all” of USDC minting and redemption delay

adeel010 March 16, 2023 0 Comment

The stablecoin’s creator Circle claims to have approved “substantially all” of the minting and redemption proposals for USD Coin USDC. In a March 15 operational update, Circle stated that it had issued $0.8 billion...

5 Minutes

Alt Coins Crypto News

All of recent events leading up to demise of Silicon Valley Bank

adeel010 March 13, 2023 0 Comment

The unexpectedly collapse of Silicon Valley Bank (SVB) has swiftly unfolded over the last week, depegging stablecoins, resulting regulators in the United States and the United Kingdom to make emergency strategies and raising fears...

2 Minutes

Crypto News

US Fed reveals $25 billion in financing to support banks

adeel010 March 13, 2023 0 Comment

The Federal Reserve Board has declared $25 billion in funding to support banks and other depository institutions in the wake of several bank failures in the United States. By providing the funds, eligible banks...

2 Minutes

CEX Crypto News

Despite SEC enforcement, Coinbase affirms that mining services will continue

adeel010 March 11, 2023 0 Comment

Coinbase has reassured customers that its staking services will continue and “may actually increase” despite the recent crackdown on centralized providers’ staking services by the U.S. Securities and Exchange Commission (SEC). Popular dealers like...

2 Minutes

Alt Coins Crypto News

DAI and USDD stablecoins are negatively impacted by Circle’s USDC volatility

adeel010 March 11, 2023 0 Comment

After Silicon Valley Bank (SVB) refused to handle $.3.3 billion of Circle’s $40 million transfer request, USD Coin USDC’s peg to the US dollar was broken, having an immediate impact on the stablecoin ecosystem....

4 Minutes

Alt Coins Crypto News

Breaking: Circle reveals $3.3 billion linked to Silicon Valley Bank

adeel010 March 11, 2023 0 Comment

Circle, a blockchain payment technology company that also issues USD Coin USDC, verified on March 10 that wire transfers intended to remove balances that were started on Thursday had not yet been completed, leaving...

4 Minutes

Bitcoin Crypto News

Due to inflation, the Fed predicts a high rate increase in March

adeel010 March 9, 2023 0 Comment

Whether they like it or not, the U.S. Federal Reserve’s stance on interest rate increases and high inflation is the single most important indicator for determining demand for risky assets among cryptocurrency investors. The...

2 Minutes

Bitcoin Crypto News

Biden intends to double capital gains and crack down on cryptocurrency “wash sales,”

adeel010 March 9, 2023 0 Comment

Future budget proposals from U.S. President Joe Biden include a planned doubling of capital gains for specific investors and a crackdown on cryptocurrency “wash sales,” which will come as a surprise to cryptocurrency traders...

2 Minutes

Bitcoin CEX Crypto News

India enforces anti-money laundering laws on crypto trades

adeel010 March 8, 2023 0 Comment

Anti-Money Laundering (AML) requirements for cryptocurrencies are nothing new, but it has only recently been decided by the Indian government to inform all interested parties of their duty to adhere to local AML laws....